Council to make decision on old Sears retail site in early Nov. - KPLC 7 News, Lake Charles, Louisiana

Council to make decision on old Sears retail site in early November

LAKE CHARLES, LA (KPLC) -

Lake Charles City Council members are learning more about the three proposals for the old Sears retail site.

A week after all three developers made their pitch, council members were given a detailed plan of what each proposal entails.

The three developers who made bids are:

Donnie Jarreau Real Estate

Roger Landry

Gray Stream/Geddings Development Corporation

All three proposals are mixed-use developments with residential and retail space but vary when it comes to purchase price and financing for the projects.

While a plan to build a hotel on the property failed a few years ago, council members feel this approach of permanent residential space with the added retail is the right direction to grow downtown Lake Charles.

"We wanted somebody to buy the property outright with a great development that would enhance downtown and that is essentially what we got. And the neat thing is each proposal had somebody local involved - so whichever one we choose we are almost guaranteed that someone local will be involved in this development which is good to see," said John Ieyoub, Lake Charles City Council.

"We are really looking for something that is going to fit in downtown with the lakefront area and also that is going to help it grow and be an asset. I've looked at all three and I'm still not sure which is the one. There are a lot of questions we have to answer," said Marshall Simien, Lake Charles City Council.

Councilmen Simien and Ieyoub are on a committee to review the proposals and plan to have a recommendation for the full council in early November with a final vote scheduled on Nov. 7.

Copyright 2012 KPLC. All rights reserved.

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